Hancock Park Corporate Income, Inc. 8-K

What Happened
Hancock Park Corporate Income, Inc. announced on June 29, 2026 that it terminated its Business Loan Agreement with Banc of California (formerly Pacific Western Bank), ending a senior secured revolving credit facility that provided up to $7.5 million for general corporate and investment purposes. The Company also terminated the related Custody Control Agreement with Banc of California and U.S. Bank National Association as custodian.

Key Details

• The Banc of California Facility provided up to $7.5 million; it would have expired on February 28, 2028.
• Outstanding borrowings were $2,650,000 as of Dec. 31, 2025 and $1,650,000 as of Mar. 31, 2026; there were no amounts outstanding as of June 29, 2026.
• The Loan Agreement contained covenants limiting additional indebtedness, liens, certain transactions (mergers, acquisitions, dispositions), and required minimum tangible net asset value, minimum quarterly net investment income, a maximum debt-to-net-asset-value ratio, and statutory BDC asset coverage requirements.
• The Company said the facility was terminated due to limited usage and annual commitment fees; no material early termination penalties were incurred.

Why It Matters
For investors, termination of the facility removes a source of committed borrowing capacity and eliminates the associated covenants and annual commitment fees. Because there were no outstanding borrowings at termination and the Company reports no material penalties, the action appears intended to reduce ongoing costs and contractual restrictions. However, it also means less committed liquidity available for investments or operations; investors should watch the Company’s disclosures for how it will fund future needs.